4q12 analyst meeting
TRANSCRIPT
台達電子2012年財報法人說明會Delta Electronics, Inc.2012 Result Analyst Meeting
12 Mar 2013
2Delta Confidential
•合併財務數字乃根據財務會計準則公報第七號編製Consolidated financials are based on Statement of Financial Accounting Standard No. 7•累計合併數字係經由會計師審核Cumulative consolidated numbers were auditedby CPA•因旺能即將與新日光合併,該公司對本公司損益表之淨影響已移至稅後之『停業部門損益』科目Due to DelSolar’s merger with NSP, its net impact on the Company’s income statement hasbeen moved to an after-tax account, “loss from discontinued business.”
3Delta Confidential
2012年第四季結算數字2012 Fourth Quarter Results
4Delta Confidential
合併營收 Revenues
單位:新台幣十億元Unit: NT$ billion
QoQ -9%
YoY0%
42.3 38.444.3 46.7 42.3
4Q11 1Q12 2Q12 3Q12 4Q12
5Delta Confidential
業務分類(一) Revenues by Business (1)
3Q12
電源及零組件
(Power Electronics)
60%
智能綠生活
(Smart Green Life)
17%
能源管理
(Energy Mgmt)
18%
其他
(Others)
5%
4Q12
電源及零組件
(Power Electronics)
61%
智能綠生活
(Smart Green Life)
18%
能源管理
(Energy Mgmt)
17%
其他
(Others)
4%
6Delta Confidential
業務分類(一)Revenues by Business (1)
單位:新台幣百萬元Unit: NT$ million
3Q12 4Q12 Change電源及零組件(Power Electronics) 28,252 25,647 -9%能源管理(Energy Management) 8,391 7,384 -12%智能綠生活(Smart Green Life) 7,890 7,739 -2%其他(Others) 2,165 1,545 -29%總計(Total) 46,699 42,315 -9%
7Delta Confidential
業務分類(二) Revenues by Business (2)
4Q12
電源及零組件
(Power Electronics)
61%
智能綠生活
(Smart Green Life)
18%
能源管理
(Energy Mgmt)
17%
其他
(Others)
4%
4Q11
電源及零組件
(Power Electronics)
63%
智能綠生活
(Smart Green Life)
19%
其他
(Others)
3%
能源管理
(Energy Mgmt)
15%
8Delta Confidential
業務分類(二)Revenues by Business (2)
單位:新台幣百萬元Unit: NT$ million
4Q11 4Q12 Change電源及零組件(Power Electronics) 26,913 25,647 -5%能源管理(Energy Management) 6,195 7,384 19%智能綠生活(Smart Green Life) 7,973 7,739 -3%其他(Others) 1,233 1,545 25%總計(Total) 42,314 42,315 0%
9Delta Confidential
營業毛利Gross Profit
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
8.93 8.5510.78 11.88 10.96
25.9%25.4%24.3%22.2%
21.1%
4Q11 1Q12 2Q12 3Q12 4Q12
QoQ -8%
YoY+23%
10Delta Confidential
研發費用R&D Expense
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
3.002.522.57 2.66 2.80
6.1% 6.5% 6.0% 6.0%7.1%
4Q11 1Q12 2Q12 3Q12 4Q12
QoQ +7%
YoY+17%
11Delta Confidential
銷管費用SG&A Expense
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
3.55 3.15 3.47 3.61 3.60
8.4% 8.2% 7.5% 7.6% 7.6%
4Q11 1Q12 2Q12 3Q12 4Q12
QoQ 0%
YoY+1%
12Delta Confidential
總營業費用Operating Expense
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
6.12 5.67 6.13 6.41 6.60
14.5% 14.7%13.7%
15.6%13.8%
4Q11 1Q12 2Q12 3Q12 4Q12
QoQ +3%
YoY+8%
13Delta Confidential
營業淨利Operating Profit
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
2.80 2.884.65 5.46 4.36
7.5%6.6%10.5% 11.7% 10.3%
4Q11 1Q12 2Q12 3Q12 4Q12
QoQ -20%
YoY+56%
14Delta Confidential
主要部門營業淨利Operating Profit by Sector
單位:新台幣百萬元Unit: NT$ million
4Q11 3Q12 4Q12電源及零組件(Power Electronics) 3,233 3,926 4,192能源管理(Energy Management) 637 1,323 1,213智能綠生活(Smart Green Life) 341 538 371
15Delta Confidential
業外損益Non-Operating Profit
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
1.25 0.930.83 1.01
2.38
2.4%1.9%3.0%
6.2%
2.0%
4Q11 1Q12 2Q12 3Q12 4Q12
QoQ +9%
YoY-19%
16Delta Confidential
業外損益細項Non-Operating Income Breakdown
單位:新台幣百萬元Unit: NT$ million
3Q12 4Q12處分投資(Investment disposal) (29) (84)投資損益(Investment income) 347 130利息收益(Interest income) 152 102其他業外損益(Others) 463 857合計(Total) 933 1,005
17Delta Confidential
稅前淨利Net Income Before Tax
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
3.335.25 5.48 6.40 5.37
7.9%
13.7% 12.4% 13.7% 12.7%
4Q11 1Q12 2Q12 3Q12 4Q12
QoQ -16%
YoY+61%
18Delta Confidential
所得稅與少數股權Tax & Minority Interest
單位:新台幣百萬元Unit: NT$ million
3Q12 4Q12稅前淨利(Net income before tax) 6,397 5,373所得稅(Tax) (994) (804)停業部門損失(Loss from discontinuedbusiness) (419) (661)少數股權淨利(Minority interest) (277) (159)稅後淨利(Net income after tax) 4,707 3,750
19Delta Confidential
稅後淨利Net Income After Tax
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
2.463.66 4.00 4.71 3.75
5.8%9.5% 9.0% 8.9%10.1%
4Q11 1Q12 2Q12 3Q12 4Q12
QoQ -20%
YoY+52%
20Delta Confidential
每股淨利(新台幣元)EPS (unit: NT$)
1.02
1.52 1.661.95
1.56
4Q11 1Q12 2Q12 3Q12 4Q12
*每股盈餘之設算基於加權平均股數24.11億股*EPS based on weighted average shares outstanding of 2,411 million shares.
21Delta Confidential
2012年結算數字2012 Full-year Results
22Delta Confidential
162.5 171.8
2011 2012
+6%
合併營收Revenues
單位:新台幣十億元Unit: NT$ billion
23Delta Confidential
業務分類Revenues by Business
2011
電源及零組件
(Power Electronics)
66%
智能綠生活
(Smart Green Life)
17%
能源管理
(Energy Mgmt)
15%
其他
(Others)
2%
2012
電源及零組件
(Power Electronics)
62%
智能綠生活
(Smart Green Life)
18%
能源管理
(Energy Mgmt)
17%
其他
(Others)
3%
24Delta Confidential
業務分類Revenues by Business
單位:新台幣百萬元Unit: NT$ million
2011 2012 Change電源及零組件(Power Electronics) 107,145 106,665 0%能源管理(Energy Management) 23,873 29,665 24%智能綠生活(Smart Green Life) 28,005 30,084 7%其他(Others) 3,451 5,346 55%總計(Total) 162,474 171,760 6%
25Delta Confidential
營業毛利Gross Profit
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
34.642.224.5%
21.3%
2011 2012
+22%
26Delta Confidential
研發費用R&D Expense
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
9.47 10.98
6.4%5.8%
2011 2012
+16%
27Delta Confidential
銷管費用SG&A Expense
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
11.98 13.82
8.0%7.4%
2011 2012
+15%
28Delta Confidential
總營業費用Operating Expense
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
21.45 24.81
14.4%13.2%
2011 2012
+15%
29Delta Confidential
營業淨利Operating Profit
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
13.1617.35
10.1%8.1%
2011 2012
+32%
30Delta Confidential
主要部門營業淨利Operating Profit by Sector
單位:新台幣百萬元Unit: NT$ million
2011 2012電源及零組件(Power Electronics) 12,155 14,333能源管理(Energy Management) 3,148 4,176智能綠生活(Smart Green Life) 986 1,687
31Delta Confidential
業外損益Non-Operating Profit
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
5.154.26
2.6% 3.0%
2011 2012
+21%
32Delta Confidential
業外損益細項Non-Operating Income Breakdown
單位:新台幣百萬元Unit: NT$ million
2011 2012處分投資(Investment disposal) 270 1,565 投資損益(Investment income) 498 732 利息收益(Interest income) 525 538 其他業外損益(Others) 2,967 2,319 合計(Total) 4,260 5,154
33Delta Confidential
稅前淨利Net Income Before Tax
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
17.4222.51
13.1%10.7%
2011 2012
+29%
34Delta Confidential
所得稅與少數股權Tax & Minority Interest
單位:新台幣百萬元Unit: NT$ million
2011 2012稅前淨利(Net income before tax) 17,421 22,506所得稅(Tax) (3,121) (3,349)非常利益(Extraordinary) 206 -停業部門損失(Loss from discontinuedbusiness) (2,541) (1,940)少數股權淨利(Minority interest) (974) (1,108)稅後淨利(Net income after tax) 10,991 16,110
35Delta Confidential
稅後淨利Net Income After Tax
單位:新台幣十億元及營收百分比Unit: NT$ billion & % of sales
10.9916.11
9.4%6.8%
2011 2012
+47%
36Delta Confidential
每股淨利(新台幣元)EPS (unit: NT$)
*每股盈餘之設算基於加權平均股數24.11億股*EPS based on weighted average shares outstanding of 2,411 million shares.
4.566.68
2011 2012
37Delta Confidential
現金股利每股5.3元Cash dividend per share: NT$5.3
董事會建議盈餘分配Proposed Earnings Distribution
盈餘分配Earnings distribution
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